trending Market Intelligence /marketintelligence/en/news-insights/trending/Qq6fX83HJ8x2Gb4Bl2ETDw2 content esgSubNav
In This List

Bid to remove 2 Altona directors fails

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Lithium prices hold firm, cobalt prices rally

Blog

Profit margins key to Tsingshan's battery nickel supply plans

Blog

The Future of Risk Management Digitization in Credit Risk Management


Bid to remove 2 Altona directors fails

Dissident Altona Energy PLC shareholders failed in their bid to oust Qinfu Zhang and Chi Ma as directors, according to a Jan. 14 release.

The company said the resolutions calling for their removal were not passed in a same-day general meeting requisitioned by shareholders Leon Hogan, Nicholas Lyth and Robert Hales, who collectively own about a 15% stake in the company.

Zhang, through a representative, reiterated that the company should focus on coal mining and underground coal gasification at its 45%-owned Arckaringa coal project in South Australia.

He added that he recently recommended that the board invest in a vanadium mine in China, where he has a more than a 40% interest. With projected high profit margins, he said it will help Altona secure funds to further develop Arckaringa.